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Experts Warn: Carbon Bubble Could Worsen Global Economic Crisis

2013-04-19 22:48:00| Climate Ark Climate Change & Global Warming Newsfeed

EcoWatch: The world could be heading for another major economic shock as stock markets inflate an investment bubble in fossil fuels to the tune of trillions of dollars, according to new research. In its second seminal report, Unburnable Carbon 2013: Wasted Capital and Stranded Assets, the Carbon Tracker Initiative found that firms invested $674 billion last year alone in projects trying to find and develop new fossil fuels reserves. To stick to current agreed global limits on emissions--and keep warming...

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